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Council Regulation (EC) No 1407/2002 of 23 July 2002 on State aid to the coal industry
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1.The overall amount of aid to the coal industry granted in accordance with Article 4 and Article 5(3) shall follow a downward trend so as to result in a significant reduction. No aid for the reduction of activity may be granted under Article 4 beyond 31 December 2007.
2.The overall amount of aid to the coal industry granted in accordance with Articles 4 and 5 shall not exceed, for any year after 2003, the amount of aid authorised by the Commission in accordance with Articles 3 and 4 of Decision No 3632/93/ECSC for the year 2001.
[F1By way of derogation from the preceding subparagraph, for the Member States acceding to the Union on 1 May 2004, the overall amount of aid to the coal industry granted in accordance with Articles 4 and 5 shall not exceed, for any year after 2004, the amount of aid authorised by the Commission in accordance with Article 10 for the year 2004.]
[F2By way of derogation from the first subparagraph, for the Member States acceding to the Union on 1 January 2007 , the overall amount of aid to the coal industry granted in accordance with Articles 4 and 5 shall not exceed, for any year after 2007, the amount of aid authorised by the Commission in accordance with Article 10 for the year 2007.]
Textual Amendments
F1 Inserted by Act concerning the conditions of accession of the Czech Republic, the Republic of Estonia, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Republic of Hungary, the Republic of Malta, the Republic of Poland, the Republic of Slovenia and the Slovak Republic and the adjustments to the Treaties on which the European Union is founded.
F2 Inserted by Council Regulation (EC) No 1791/2006 of 20 November 2006 adapting certain Regulations and Decisions in the fields of free movement of goods, freedom of movement of persons, company law, competition policy, agriculture (including veterinary and phytosanitary legislation), transport policy, taxation, statistics, energy, environment, cooperation in the fields of justice and home affairs, customs union, external relations, common foreign and security policy and institutions, by reason of the accession of Bulgaria and Romania.
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